Are you interested in investments that can always keep you on the safe side? Investors today are very conscious about the way they invest their money and therefore many investors look out for investing in South African Krugerrands which has a good market value and it can be the best option for those who are investing for long term. If you are looking for some investments especially investing in gold bullion and coins then South African Krugerrand coins happens to be the best option on your side because it still maintains good market value and with the increase in gold prices today South African Krugerrand gold coins already has much more demand in the market.
Most of the South African Krugerrand gold coins and bullions were made in South Africa somewhere around 1967, but it has recently received a lot of popularity because they have good amount of gold in it and we already know that gold prices are definitely going up taking into consideration the global economic recession that happened few years ago and the economic instability in the market in the current scenario.
Normally, these South African Krugerrand coins would weigh exactly as one ounce of gold which is why it is better than any other investment that you can make at the moment.
Knowing South African Krugerrand gold coins Well
If you have decided to invest in South African Krugerrand you should make sure that you know your South African Krugerrand gold coins well. These coins have remained popular since 1967 and they still have a good market demand. Although, it was banned for sometime but the ban was lifted when Nelson Mandela became the President of Republic of South Africa. During the year 1980 it constituted for 90% of the gold bullion market.
South African Krugerrand is a 22 karat gold coin which has a combination of 91.67% of gold and 8.33% copper. This makes South African Krugerrand one of the most durable gold coins in the world. The coin is an alloy and therefore it can withstand scratches and dents without any problems and look as good as new even after many years. The one ounce South African Krugerrand remains the most popular version of the coin, although, there are other versions of the coin like half ounce, quarter ounce and one tenth ounce of gold. The front side of the coin has the face of Stephanus Jonannes Paulus Kruger, 5th President of the Republic of South Africa. The word Suid Afrika and South Africa is mentioned on the same side of the coin. On the back, you will see a picture of springbok or antelope specie which is the South African National symbol with Krugerrand mentioned on the top.
Should You Buy the Mini South African Krugerrand?
Most investors are very skeptical about the coins they buy and since South African Krugerrand is one of the popular gold coins it becomes difficult for the investors to think about whether the smaller versions of the same coins are for real or fake. Many collectors feel that the mini South African Krugerrand is just a fake but you don’t need to worry because these coins are also for real. The only thing about this coin is that they are not available much and therefore not many collectors know about it. These mini South African Krugerrand are available in .50 grams and they are 10mm in size.
However, if you are not sure about these gold coins then it is better that you stick to normal gold coins that can provide you with better margins when you are trying to sell them off.